Understanding Partner Codes for Online Trading
If you've ever signed up for a CFD broker, you may have come across a field asking for a partner code. A lot of people ignore it completely. That is a bad move, because entering the correct code can get you a deposit bonus worth a significant amount in additional cash.
A broker partner code is essentially a promotional code that you enter during sign-up. Once you make your opening deposit, the broker gives you additional capital into your live account. Your fees remain unchanged. You just start with additional money to trade look here with.
How to Find Working Partner Codes for Brokers
Not all codes you come across online actually work. Many broker partner codes floating around online are dead. Some website owner posts a code when it is new and then never checks it again. Weeks later the promotion has expired but the post is still live.
This is why specialised code sites are worth using. Resources that actively test their codes before listing them spare you a lot of wasted time. Look for a directory that checks codes on an ongoing basis, not just once when they are first posted.
Types of Bonuses On Offer Using a Partner Code
The standard type is the percentage match. You fund with a certain amount and the broker adds a percentage on top. Some brokers offer up to 100 %, which effectively doubles your initial funds.
There are also no-deposit bonuses — a token amount, usually around 10 to 50 dollars, just for opening an account. No deposit required.
Practically speaking, certain established brokers right now run welcome bonuses worth thousands of in extra trading capital. That is genuine funds you can trade with from day one.
What to Be Aware Of Before Applying a Broker Partner Code
The most common requirement is a trading volume requirement. You need to complete a minimum amount of trades before the extra money are made withdrawable. This is normal across the industry and should not scare you.
Also look at if the bonus has an time limit, and what happens if you cash out your original deposit prior to meeting the volume requirement. Many brokers will void the bonus if you do this.
How to Use a Broker Partner Code
The procedure is pretty straightforward. Find a active partner code from a trusted source. Head to your preferred broker's sign-up page. Enter your information as normal. Paste the partner code in the partner code field. Complete your registration and place your first deposit. The bonus gets applied on its own.
The whole thing takes about 5 to 10 minutes. No negative to using a verified partner code with a licensed broker. The fees do not change. You just receive additional funds in your account. Do not miss free money going to waste if all it takes is entering a code at registration.